Category: Market Bazaar

An Interactive Session Titled “Stabilizing The Mediterranean ” DAVOS, Switzerland, – Remarks by Yemi Osinbajo, The Vice President of The Federal Republic of Nigeria Q: How realistic is Africa replacing China as the factory of the world, how realistic is that? How do you look at the Marshall plan for Africa, is it something you think...

Muqdisho,  — Somali Prime Minister Hassan Ali Khaire today called for an accelerated debt relief to help Somalia to implement its ambitious reforms, noting that Somalia’s return to the global stage was inevitable. Talking today at a special session “Partnership for Peace: Focus on Somalia”, Khaire said: “Somali government’s commitment and political will to deliver...

By Madeleine Cuff A ground-breaking project to grow vegetables with seawater has produced its first harvest in Somaliland, green tech start-up Seawater Greenhouse announced today. The UK start-up has reaped a successful crop of lettuces, tomatoes, cucumbers and onions from the ‘greenhouse’ – a shade net covered with cardboard pads. Seawater is trickled over the pads...

The German Government announced its commitment of EUR 23.4 million to support infrastructure work in Somalia. Channeled through the World Bank’s Multi Partner Fund (MPF) the contribution will strengthen municipal planning and implementation capacity to improve access to basic infrastructure. “Germany joins the MPF at a critical and exciting juncture,” said Marius Rauh, Head of...

By GALGALLO FAYO Ugandan business tycoon James Mugoya and a member of the UAE royal family have laid claim to prime plots on which the Hilton Upper Hill tower is being built, in a suit that could stall the Sh20 billion project. The two have obtained court orders stopping the ongoing construction on claims that...

With the foundation stone laid by Kenyan President Uhuru Kenyatta, construction has begun on ‘The Pinnacle’ in Nairobi, Kenya, which at a height of 300m will be the tallest skyscraper in Africa, easily exceeding Johannesburg’s 223m Carlton Centre. Well positioned in the capital city’s vibrant financial hub of Upper Hill, only 16km from Jomo Kenyatta...

By Duygu Yener and Mustafa Calkaya ANKARA  Turkey and Somalia on Friday signed a pact to boost their strategic economic partnership. “We wish to deepen relations with Somalia. Turkey’s investment in Somalia stands at over $100 million,” Turkish Deputy Prime Minister Recep Akdag told a signing ceremony alongside his Somali counterpart Mahdi Mohammed Gulaid. “This...